Clean Energy Fuels Corp. $CLNE Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312,273 shares of the utilities provider’s stock after selling 143,078 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Clean Energy Fuels worth $2,034,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Clean Energy Fuels by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider’s stock worth $23,840,000 after acquiring an additional 124,031 shares during the last quarter. Deutsche Bank AG increased its holdings in Clean Energy Fuels by 226.2% during the 4th quarter. Deutsche Bank AG now owns 366,085 shares of the utilities provider’s stock worth $919,000 after purchasing an additional 253,842 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Clean Energy Fuels during the 1st quarter worth approximately $51,000. D. E. Shaw & Co. Inc. raised its position in shares of Clean Energy Fuels by 56.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock valued at $3,117,000 after purchasing an additional 450,143 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Clean Energy Fuels by 293.9% during the 1st quarter. GSA Capital Partners LLP now owns 541,145 shares of the utilities provider’s stock valued at $839,000 after buying an additional 403,747 shares during the last quarter. Institutional investors and hedge funds own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group downgraded shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 price objective on the stock. in a research note on Friday, August 8th. Lake Street Capital cut their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, UBS Group reaffirmed a “buy” rating and set a $2.75 price target (up previously from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Clean Energy Fuels presently has an average rating of “Buy” and a consensus target price of $3.59.

Clean Energy Fuels Stock Performance

Shares of NASDAQ CLNE opened at $2.63 on Monday. The company has a quick ratio of 2.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $2.18 and its two-hundred day moving average price is $1.94. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The stock has a market capitalization of $576.73 million, a P/E ratio of -2.92 and a beta of 2.69.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $102.61 million during the quarter, compared to analyst estimates of $94.73 million. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Clean Energy Fuels Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.